Tag Archives: billionaire

15 Central Park West

$88m NYC penthouse sold to billionaire’s daughter

15 Central Park West

The daughter of a Russian billionaire has broken New York real estate records by paying $88 million for a huge Manhattan apartment, Forbes magazine reported.

Yekaterina Rybolovleva, daughter of former fertilizer magnate Dmitry Rybolovlev, paid full asking price for the multiroom spread at 15 Central Park West.

This is a record for an individual transaction in a city renowned for pricey property. The record was previously owned by Sanford Weill, a former chairman of Citigroup.
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Warren Buffett chairman of Berkshire Hathaway

Warren Buffett Wants to Pay More Taxes

Warren Buffett chairman of Berkshire Hathaway

Warren Buffet wrote in an editorial to the New York Times that was published Sunday that he wants to pay more taxes and thinks his mega-rich friends should too.

“While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks,” Buffet said in the editorial.

“These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.”
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21804 Pacific Coast Highway Malibu

Malibu mansion poised to set record at US auction

21804 Pacific Coast Highway Malibu

A California mansion could become the most expensive US property to be sold at auction when it goes on the block next month with a starting bid of $22 million.

The 10,500 square-foot beachside house — originally listed at $65 million — includes six bedrooms, nine and a half bathrooms, a theater, a 75-foot (25-meter) two-lane lap pool, a gymnasium and a library with an aquarium.

The winning bidder would count Tom Hanks, Barbra Streisand and Sting as neighbors after moving into “Billionaire Beach,” part of the upscale coastal town of Malibu, near Los Angeles.
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donald trump interview private jet

Trump: I’d Pay $600 Million for White House

donald trump interview private jet

Billionaire business magnate Donald Trump is ready to shell out $600 million of his own cash to become President.

He told ABC’s “Good Morning America” on Thursday that his name recognition would probably save him “hundreds of millions of dollars” compared with other candidates.

The 64-year-old, who held the interview aboard his private jet, said he’d announce his decision by June.
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billionaires 2011

The world’s billionaires 2011

billionaires 2011

Carlos Slim Helu remained the world’s richest person, but Asia is where today’s big money is flowing, Forbes magazine said in its 2011 list of the world’s billionaires.

Slim, who is almost unknown to the general public outside Mexico, weighed in at a staggering $74 billion of net wealth thanks to his telecoms empire. Already the top dog last year, he increased his fortune by $20.5 billion dollars.

In a now familiar second place was Microsoft founder Bill Gates with $56 billion. The relatively lowly ranking reflected his enormous philanthropic give-aways over the year.
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Mubarak: World’s Richest Man?

Mubarak worried

The New York Post picks up a Guardian report that embattled Egyptian President Hosni Mubarak could be the richest man in the world.

Worth about $70 billion, the Post says most of his money is stashed in foreign bank accounts and “shadowy real-estate holdings.”

That sum makes Mubarak more wealthy than Mexico’s Carlos Slim and Bill Gates, whose fortunes clock in at $53.5 billion and $53 billion, respectively.
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Maybach 62 India

Mercedes relaunches premium Maybach in India

Maybach 62 India

German carmaker Mercedes Benz reintroduced its hyper-luxury Maybach car in India on Tuesday, pitching it at the country’s growing number of super-rich.

The car, which can touch speeds of 275 kilometres (170 miles) an hour, will be priced at up to 51 million rupees ($1.1 million).

“There are customers out there who can afford the unparalleled luxury of this car,” said Mercedes Benz India chief executive Peter Honegg at the launch, saying the company was aiming its cars at those who can afford private jets.
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MegaYacht Senses

Larry Page Buys $45 Million Luxury Superyacht

MegaYacht Senses

Google’s billionaire cofounder Larry Page just bought a $45 million superyacht called Senses from a New Zealand business man named Sir Douglas Myers.

The stylish 194-ft. expedition superyacht was designed by Kusch Yachts and built back in 1999 at Germany’s Schweers yard with a refit in 2010.

The superyacht features interiors by design genius Philippe Starck with accommodation for 10 guests and 14 crew over six decks.
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Roman Abramovich superyacht Eclipse

The Eclipse Is Ready to Take Abramovich Out at Sea

Roman Abramovich superyacht Eclipse

After a year-long delay, Russian oligarch Roman Abramovich finally took delivery of the world’s largest and most expensive yacht, the Eclipse.

The “gigayacht” measures anywhere from 533 ft. to 557 ft. (depending on reports), and is the world’s largest privately owned yacht.

The cost of the behemoth has also been variously reported as $500 million – $1 billion. It is the world’s most expensive private yacht either.
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Black Eyed Peas

Black Eyed Peas for Abramovich NYE party

Black Eyed Peas

Russian billionaire Roman Abramovich is reportedly flying in the Black Eyed Peas to perform at his New Year’s Eve party in St Bart’s, the Telegraph reports.

The Russian billionaire owns a $90 million, 70-acre estate on the Caribbean island and the hip hop band will perform for guests seeing in 2011 there.

His estate in St Bart’s, which is situated on a lush hillside, includes swimming pools, pavilions and bungalows with ocean views for guests.
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Victor Pinchuk

$6.2M Birthday Party At French Ski Resort

Victor Pinchuk

Ukrainian billionaire Victor Pinchuk spent $6.2 million on Saturday night to entertain 300 guests at his 50th-birthday party in the posh French ski resort of Courchevel.

He not only flew in Canada’s Cirque du Soleil but also hired superchef Alain Ducasse to prepare the menu at one of Courchevel’s 11 five-star hotels.

But the steel magnate’s birthday blowout revolted many locals in an area tired of being a winter playground for the Eastern European jet set.
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Macau Casino Magnate Buys Truffles for $330,000

Stanley Ho recently matched his own world record price paid for a truffle when he bought a couple white truffles for a total cost of $330,000 at a truffle auction.

The billionaire made his winning bid through representatives at the event held at his own Grand Lisboa hotel in Macau last week end.

Ho’s winning bid bought him a giant truffle from Italy’s central Tuscany region that weighed about 900 grams and a smaller one of about 400 grams.
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Zong Qinghou of Wahaha tops 2010 China rich list

Hurun Research Institute has released the Hurun Rich List 2010, the twelfth annual ranking of the richest individuals in China.

The list names 1,363 individuals with a personal wealth of 1 billion yuan (US$150 million), up from 1,000 last year and just 24 a decade ago.

China – the world’s second largest economy – has the fastest growing wealthy population in the world, according to a report by Merrill Lynch and Capgemini.

65-year old Zong Qinghou of Wahaha is the richest man in China with a personal fortune of US$12 billion.
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No stop to rise of Asian millionaires

The ranks of Asia-Pacific millionaires are likely to continue growing faster than those from developed countries as regional economies led by China and India power ahead, a report said on Tuesday.

The study on high-net-worth individuals (HNWIs) — defined as anyone with investable assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and consultancy firm Capgemini.

“Moving forward, China and India will lead the way in the region with economic expansion and HNWI growth likely to keep outpacing more developed economies,” the Asia-Pacific Wealth Report said.
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Forbes 400: The Richest People in America

Forbes released its 2010 list of the 400 richest people in America this week, and Microsoft Chairman Bill Gates was in the top spot for the 17th consecutive year.

Industrialist Warren Buffett, Chief Executive Officer of Berkshire Hathaway Inc, has bagged the second place this year with fortunes worth $45 billion.

While worth $27 billion dollars, software company Oracle’s co-founder and CEO Larry Ellison is the third richest American.

With a net worth that grew by nearly $4.9 billion, Facebook founder Mark Zuckerberg had the largest percentage gain this year, jumping from 158 to number 35 with $6.9 billion.
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Madonna Offered $1 Billion To Perform In Las Vegas

Queen of Pop Madonna has been offered the opportunity to stage a gig residency in Las Vegas, according to reports.

The singer has apparently been approached about a five-year run of shows, which could earn her more than $1 billion, reports the Sun.

The mega deal would make her the world’s third female billionaire entertainer, alongside chat show queen Oprah Winfrey and Harry Potter author JK Rowling.
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Harvard tops Forbes list of Billionaire Universities

With 62 of its alumni now billionaires, Harvard tops Forbes’ list of ‘Billionaire Universities’, followed by Stanford that boasts of 28 billionaire graduates.

The number of Harvard alumni who are billionaires swelled to 62, up from 54 in 2009, “more than any other American university by a long shot,” Forbes said.

Harvard’s billionaire alumni are an accomplished group. They include Microsoft Chief Executive Steve Ballmer, New York City Mayor Michael Bloomberg and media tycoon Sumner Redstone.
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Tycoons spend $2.6m on champagne in St Tropez

Paris Hilton Champagne

In what could be called as a lavish fight, a pair of rival billionaires set a new world record at a French nightclub to see who could order the most champagne.

Zhen Low – the younger brother of big-spending Malaysian billionaire Jho Low – squared off against Winston Fisher of the prominent New York real-estate family Thursday night at Les Caves du Roy nightclub in St. Tropez.

The bill? A staggering 2 million euros, or $2.6 million, according to an announcement made at the club.
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Hong Kong skyline

Hong Kong prepares for life after the tycoons

Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub.

The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire Nina Wang last year enthralled Hong Kong with its brew of sex, money and power.

But Wang’s death in 2007 and the hospitalisation last year of casino tycoon Stanley Ho were a stark reminder that some of Hong Kong’s 40 richest tycoons — synonymous with its post-war economic success — are in their twilight years.

They will leave behind eye-popping fortunes worth more than 130 billion US dollars and vast business empires that control everything from supermarkets and property development to ports and telecoms.
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Paul Allen to Give Away Half of His Fortune

Microsoft co-founder Paul Allen, who is rated by Forbes magazine as the world’s 37th richest person, plans to give away most of his $13.5 billion fortune.

In the statement, Allen said his estate would support causes including not-for-profit scientific research such as the Allen Institute for Brain Science.

His declaration came a month after Gates and fellow billionaire Warren Buffett launched a campaign dubbed the “giving pledge” that urges America’s richest individuals to commit half of their fortunes to charitable causes.
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